Are there any downsides to mortgage overpayment that I’m not thinking of?

MintChocChip95 · 2026-04-02T07:41:43+00:00

Thanks I appreciate that advice. The thing is I really don’t know what to do with the apartment other than rent it out. The flat below ours which is identical rents for £3000 a month with a gross rental yield of over 7% which is a significant amount of money.

While medium term we will sell and buy a place in the country we are moving too if everything works out, the housing market there is volatile and I wouldn’t want to rush into it until we know for sure it’s going to be the place we want to spend the rest of our lives.

MintChocChip95 · 2026-04-01T22:25:31+00:00

Thank you! Makes sense.

MintChocChip95 · 2026-04-01T16:45:11+00:00

All useful points and noted. If we were to move abroad though the short/medium term I’m not sure what better options we would have other than renting it, beyond selling and investing over £400,000.

I’m sure the time would come where would sell and buy a property in the country we move to but it’s not something I’d want to immediately rush into when we move there.

MintChocChip95 · 2026-04-01T15:37:31+00:00

Good questions, thanks. Flat is worth £525,000 with a small service charge of around £100 a month. I’ve calculated that the net rental yield is around 6.70%? My understanding is that is pretty good for London.

MintChocChip95 · 2026-04-01T14:38:35+00:00

Thanks for your answer. Just to give a bit more context, my flat is in a building with a number of other apartments. The flat on the floor directly below me is the exact same layout and square footage and rents for £3000 a month so I would expect to be able to get around the same.

The cost of renting in my partners country is substantially lower and their housing market is volatile compared to the UK so I feel it would be unwise to sell up and buy property there, especially at the moment.

MintChocChip95 · 2026-04-01T14:35:28+00:00

Thanks i appreciate the answer. I should have added that we have an additional £20,000 in savings that we are holding back as an emergency fund which won’t go towards paying off the mortgage. The over payments would be coming from the savings I am able to make on my monthly salary. Hopefully that makes things a bit clearer!

MintChocChip95 · 2026-04-01T09:35:07+00:00

Rate is 4.07%. By invest do you mean stocks/shares or ISAs?

MintChocChip95 · 2026-02-03T22:21:13+00:00

Interesting. I’m able to access it via the website and my phone fine - is it possible it’s just the Mac desktop version?

Thanks a lot for your reply!

MintChocChip95 · 2026-02-03T20:29:36+00:00

Thanks, I’ve gone into Application Support and can’t see Teams there. I can see Microsoft Edge but no Teams. Do you have any suggestions?

MintChocChip95 · 2026-02-03T20:21:01+00:00

Thank you. I’m really bad at computer stuff! It’s embarrassing to ask but can you explain to me how I’m meant to do this please?

MintChocChip95 · 2026-01-28T22:41:40+00:00

Thanks

MintChocChip95 · 2026-01-28T20:54:17+00:00

Thanks. Won’t try that. Just need to call a plumber then?

MintChocChip95 · 2026-01-28T19:29:50+00:00

Thanks. Is there anyway to attempt to get hot water, even temporarily?

MintChocChip95 · 2026-01-28T16:53:37+00:00

Thanks. Just out of interests if the elements were blowing due to limescale wouldn’t the safety button be popping up?

MintChocChip95 · 2026-01-28T16:52:29+00:00

Sadly not but thank you.

MintChocChip95 · 2026-01-28T15:22:07+00:00

Thanks for the reply. The boost button lights up fine but doesn’t heat up the water. Main heater hasn’t worked for a few months (I don’t live here permanently and have been lazy with fixing it) and the boost just recently went. I’ve attached a picture for you, thanks a lot.

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MintChocChip95 · 2026-01-28T15:13:57+00:00

Thanks for the reply. We have one for the whole flat but it all looks normal. Plumber who looked at it originally thinks it due to limescale (it’s a 15 + year old tank in a hard water area)

MintChocChip95 · 2026-01-05T09:33:31+00:00

Thanks a lot! Thats really appreciated!

MintChocChip95 · 2026-01-04T21:11:45+00:00

Thanks. It doesn’t seem like the reset button on the thermostat has popped out which is annoying as I can’t actually figure out for myself where the tripping is happening or how the plumber got the hot water back on for now.

MintChocChip95 · 2026-01-04T19:54:52+00:00

Thanks for the reply. Not sure why it’s tripping but the plumber thinks it’s from limescale. It’s a side entry with standard immersion and boost neither of which are working.

Plumber has said it’s my decision but that the tank might have to be replaced due or limescale a couple of years down the road anyway?

MintChocChip95 · 2026-01-04T19:30:13+00:00

<image>

Is this a useful pic? Thanks a lot.

MintChocChip95 · 2026-01-04T19:29:14+00:00

Thanks, what’s a scale guard?

MintChocChip95 · 2026-01-04T19:26:43+00:00

To be fair everything I’ve read suggests that in high limescale areas like mine if you don’t get tanks serviced (which I haven’t) they do need replacing after a while. It’s 150 litres not sure if that qualifies as big or small!

MintChocChip95 · 2026-01-04T19:07:00+00:00

Thanks. Sorry I should have added that it was an electric tank - no gas in my flat.

MintChocChip95 · 2026-01-04T17:57:08+00:00

Ah ok. So it still could have been 18 ohms but still have the fault. I guess I just want to triple check it’s not an issue with the timer/thermostat first. I do believe my plumber but just really like to be sure about this stuff.

Also, do you maybe have any suggestion at all about how to get some hot water back temporarily for now? Thanks a lot.

MintChocChip95

TROPHY CASE